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PPP Loan Data — Jefferson County Hospital, Fairfield, IA

SBA PPP loan data, payroll data, and salaries for Jefferson County Hospital
IA

Jefferson County Hospital

Entity: Joint Venture

Industry: General Medical and Surgical Hospitals

Location: Fairfield, IA

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Jefferson County Hospital is a joint venture located at 2000 South Main Street in Fairfield, Iowa that received a Coronavirus-related PPP loan from the SBA of $4,084,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.08M

Jobs Retained:

353

Loan Approved:

2020-04-28

Lender:

IOWA STATE BANK AND TRUST COMPANY OF FAIRFIELD, IOWA

Jefferson County Hospital received a Paycheck Protection Loan of $4.08M through IOWA STATE BANK AND TRUST COMPANY OF FAIRFIELD, IOWA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jefferson County Hospital's total 2019 payroll expenses were approximately $19.61M in order to qualify for the PPP loan amount received.

Based on their reported 353 jobs retained, this equals an estimated average yearly compensation of $55,541 per employee1.

Because the loan received by Jefferson County Hospital is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Jefferson County Hospital in Fairfield, IA

Jefferson County Hospital
2000 South Main Street
Fairfield, IA 52556

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IA-02

Industry PPP Comparison Statistics

Nationwide, 6,339 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3,112,462,478.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 40 employees, 89% lower than Jefferson County Hospital's reported 353 employees, and received an average PPP loan of $491,002, 88% lower than this company's loan of $4.08M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/jefferson-county-hospital-fairfield-ia